kanye west bought the house he bought it from the other organization he paid
about 225 for it 225 thousand for it he's got about sixty
thousand in repairs that he's put on the permit so he's apparently spending about
two hundred and eighty five thousand to renovate the house where he lived until
when he was a child where his mother lived until 2004 somewhere in the flux
of creative musical genius and muddled social media crusader that makes up the
mind of kanye west will also resides the desire for the world to see him as yes a
as one as he says yes no Kanye West's exaggerating no way
next are gonna tell me that the sky is blue and that Carole Baskins well she
didn't kill her husband but guys part of Connie's appeal is always that he's been
exaggerating and well it makes the mythology and the celebrity based around
him well all the more appealing Forbes considered West's that his assets
and his expenses and came up with a total net worth of 1.3 billion which is
mighty impressive but almost 2 billion less than Kanye says he's worth so who's
right here now look I'm not going to pretend to be a lawyer with knowledge of
the ins and outs of every complicated legal document that accounts for every
last penny but what I can't do is take you guys through a ride of Kanye's bank
account a tale that includes crazy expensive mansions the fastest cars a
shoe Empire and yes even wildly inventive public housing ideas now at
the end of it all well you guys can decide for yourself if Kanye is as rich
as he says or did Forbes get it right what's going on guys it's boy Michael
cretin back at it again with a brand new the rich life video no this one on Jesus
himself Kanye West of all the videos we've made here over the years we've
actually never done on the rich life of Kanye West
crazy right I know but with his recent and
we figured it was better time than ever billionaire boys club for real homie huh
fix your plane's fix your favorite oh the Forbes let's just change yes maybe
it came out like two weeks ago they need to update the Forbes list just change I
love that clip then we drop a new video each and every day so let me know if you
what we do we'll follow up a dr. Dre or Tyrese or anyone in the comments down
below I'm also thinking it's time for me to update my only rich life so stay
tuned for that alright now let's get into this video hi why don't we start
right here it's not a billion its 3.3 billion since no one F Forbes knows how
to count no that was Kanye's response to Forbes
excluding him from their annual list of billionaires and when you take into
consideration that Bank of America Corp recently valued easy
Kanye's high-end sneaker line at 3 billion well you can kind of see where
he's coming from that despite being ranked 4th amongst the world's
wealthiest hip-hop artists with an estimated net worth of 240 million
well Kanye is well over the millionaire hump at this point in his career and he
wants to be acknowledged for it he told The Hollywood Reporter Martin Luther
didn't get killed because he had a dream he had something else he was gonna talk
about he talked about black empowerment economic empowerment when I did Forbes I
showed them an eight hundred and ninety million receipt and they still didn't
say billionaire they don't want us to know that we can buy land they don't
want us to have the 100% ownership that I have it easy when people say it's
crass to call yourself a billionaire I say I might legally change my name to
Christian genius billionaire Kanye West for a year until you all understand
exactly what it is no for a man who's taken to changing his name with each new
album drop well I wouldn't put it past him no name changes aside well I think
that the point Kanye is trying to make here is well take it but no matter what
way you cut it well 1 billion or 3 well Kanye is a far cry from where he was 5
years ago now in 2015 he told B that he was sixty million dollars in
debt because of his shoe line the next year he tweeted out that his debt had
ballooned to fifty three million and then he put out the life of Pablo where
he raps about dying broke now he even made a public plea to Mark Zuckerberg to
invest in him new Kanye's compared his fifty three million dollars in debt to
Jordan losing to the Pistons repeatedly in his earlier years it was a hurdle he
had to overcome at five years later he's cleared that hurdle let's start with the
music not only because that's what most of us known for but because it's the
quickest to summarize now his entire music catalog from the college dropout
to Jesus's King and everything in between well it's worth about 110 point
five million according to evaluation by the valence iam group now to put that
into perspective that's roughly the budget of the film like Deadpool 2 so
what may seem like a little low at first oh it's probably about right now Kanye
also has an absolute boatload of assets that we'll get into in a minute but much
like the Afra mentioned Michael Jordan the real reason that Kanye is now listed
as a billionaire and has everything to do with his shoe line Yeezy what was
once an albatross around his neck has turned into an extremely comfy and
spacious life preserver now kinda he once told Forbes I'm a product guy at my
core to make products that make people feel an immense amount of joy and solve
issues and problems in their life that's the problem solving I love to do in 2019
Kanye took to solving the problem of comfortable Footwear now that's the year
he created Yeezy with Nike two years earlier Kanye he had worked with
Japanese apparel company a bathing eith to create a signature shoe complete with
the teddy bear logo that appeared on his earlier albums know if you were lucky
enough to find a pair of those shoes today well they can net you several
thousand dollars now the sneakers they were well-received and their success in
emboldened Kanye to whip out his notepad when he found himself on a plane with
Nike CEO Mark Parker what he saw me sketch he said this guy's interesting
let's do a shoe with him Parker put Kanye in a room with Air Jordan designer
take her hat field side note oh there's no way tinkers this guy's actual real
name right anyway now Kanye and Pinker they designed Air Yeezy prototype that
Kanye would rock on stage and then officially released
2009 this VidCon date the first hip hop started to take his footwear game to the
level of an NBA superstar it was the first shoe to have the same level of
impact as an Air Jordan and I wanted to do more and at the time make you refuse
to give celebrity royalties on their shoes
in other words Conde he wasn't making enough money out of this deal and he
decided to pick up shop and move on no one adidas caught wind that Kanye was
looking to jump ship well they provided a cushion airy spot for him to land in
2013 three years later well they reworked their deal giving
Kanye an unprecedented 15% royalty on wholesale plus some marketing fee now
for comparison will Michael Jordan he's said to receive about 5% of royalty fees
Kanye also maintains complete ownership of a shewbread MJ does not now in fact
ez has become so popular over the past few years that it now has the 34 year
old Jordan Empire in its sights in terms of both cultural revelant and commercial
success the Jordan line does approximately 3 billion in annual sales
and Yeezys expect at the top around 1.5 billion and growing
when reevaluating is well full Forbes they took a very close look and easy and
they determined a few things no despite claims to the contrary from Kanye well
they don't believe that the apparel side of his business makes any money and by
that I mean any clothing that is in the shoe line for me it had a hold derelict
vibe it was like buying clothes with holes in it no they also determined that
after some expenses is 15% royalty well it's probably a little closer to 11%
estimating that he makes around 140 million a year for musi Sam's now with
10 times multiple applied to Kanye Yeezys cut of 140 million well it makes
it stake in a shoe empire around one point for bill yet now I know I know
that's a whole lot of math all you really need to know is that yeah thanks
Dez well Kanye is a billionaire just maybe not as big of one as he thinks he
is nice we got this new thing called classism its racism's cousin this is
what we do to hold people back this is what we do and we got this other thing
that's also been working for a long time well you don't have to be racist anymore
it's called self hate it works on itself it's like real estate of racism we're
just like that when what comes up and says something like I
am a god everybody says who does he think he is I just told you who I
thought I was a God to round out his portfolio will Forbes they took a look
at his other holdings and a statement of assets supplied by Kanye's team will
they determine that he is nearly 17 million in cash and 35 million dollars
in stock his biggest ticket items are the 81
million he has wrapped up in buildings and improvements with 21 million
invested in land ownership alone that was homes they make up the rest of
that amount and Kanye he has a mansion in Los Angeles that is quite literally a
work of art the pristine gallery like home is the brainchild of Kanye and
renowned architect axel four Werdum reportedly Kanye he wanted a home where
the architecture it would communicate to humanity and understanding and
proportion and spaces and the way it affects her mood the mansion is very
zen-like with its large like fill Bruce minimal furniture and lighting and all
white and beige tones now after buying the property Kanye spanner reported 20
million dollars to renovate the 15,000 687 square foot home and it's now worth
an estimated 60 mil but as Forbes was quick to point out that customized real
estate it often sells for less than the money put in as buyers in that price
range well they tend to want their own features doesn't ask MJ I mean he's had
his Chicago home on the market for almost a decade in October of last year
kind they spent a further three million dollars to buy up more land around the
property roughly one point four nine acres any
plans to transform the combined property into a private farm for his kids now
real estate has always been a huge interest to Kanye he once stated I'm
gonna be one of the biggest real estate developers of all time anybody who's
been to any of my cribs knows that I'm super in developing homes and he ain't
lyin no kinda he also owns 312 acres of land in Calabasas of which he is
developing a series of Star Wars inspired dog housing structures to serve
as low-income housing I guess those people can wear his clothing line you
know that's the look I'm just saying finally at least in terms of real estate
holdings well Kanye also recently purchased a property near code
Wyoming for 14 million dollars new hariya has a four thousand dollar acre
ranch with horse barns korells two small cabins deer a private lake a cattle
ranch a live-in caretaker a bird barn with room for 1500 birds and he's got
his own private mountain range with panoramic views though he's also
reportedly has around $300,000 in livestock that live there and more
importantly and circling back to his business side
well Kanye has recently decided to move his easy headquarters to this property
and is employing Kody residents to run the factory and bolster the local
economy I was looking for a spot to start the easy campus and we needed
thousands of acres so we went to the caldera house in Jackson Hole and
started looking for property in Wyoming when rounding a oak onyx that worth
while Forbes they also register over 3 million in vehicles including a Ford
f-150 Raptor pickup a fleet of 10 sharp ATVs a handful of beauty bees a
Lamborghini and a matte black tank of course as successful as he's been over
the past few years well no one is without some form of dad and Kanye well
he still has rules of it there between mortgages advances and other liabilities
well Forbes has him on the hook for around 100 million dollars down of the
rapper slash mogul slash visionary toddler took to Twitter to announce to
his followers I write this to you my brothers while still 53 million dollars
in personal debt please pray we overcome yes
Yeezy owes 53 Z million beezy but he shall overcome after all I believe it
was Martin Luther King who said please give me fifty three million dollars well
that was a lot to get through to after everything you heard what do you think
do you agree with Forbes assessment of Kanye's wealth or do you think that
maybe the shortchanging is success no matter which way you look at it well
Kanye he still has at least 300 million more than the next closest billionaire
and his family who of course is Kylie Jenner and at least that must make him
feel a little bit bad Christmas you know I mean you know wants
to be like second fiddle to her right alright guys I think I'm gonna wrap up
this video here but that was the rich life of Kanye West oh all right you let
us know who's next in the comments down below and I'll see you guys another
video